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Attachments: 5 years and still no strategy
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5 years and still no strategy

Quoting mohsinali
Demo traders with no profit able history even some trade wants to other to show the TE proof of profitable.... Lool.
I think you are missing the point. When someone claims or insinuates that they are profitable and are in fact lying, they should be exposed. Especially in a thread where the OP is wanting advice on how to become profitable, deceptive liars should not be tolerated.

Make no mistake - this isn't a case of someone thinking they are profitable because they had good results for a while. This person in particular almost went bankrupt last month and yet they persist in their deception. Only now do they change their tune because they have been exposed.
  • Post #382
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  • Edited at 5:02pm Apr 23, 2017 4:46pm | Edited at 5:02pm
Quoting Kanzler
{quote} I am not profitable. But you were peddling some secret methodology pretending you know how to profit. Probably to inflate your ego. Then I dug around in your post history and found this posted only a month ago: {quote} Like I said, you are full of crap and should just exercise your right to be silent before you make more of a fool of yourself.
I'm not peddling a 'secret' anything. The methodology is right there in plain sight. Whether or not others understand it is entirely up to them. I have no need to pretend it must be kept secret because I understand full-well that it is no secret.

I would also not consider losing 80% of an account in the first two months, then two months at B/E, then proceeding from there to become profitable anything particularly out of the ordinary.

Also, 80% of a tiny account is nowhere near 'bankrupt'. Just like a 500% return on a tiny account is nowhere near 'wealthy'. If you're thinking in such arbitrary terms and aren't profitable... what makes you presume you're in a position to judge what works and what doesn't? You'd be far better off investing your time into figuring out what doesn't work than trying to convince others what doesn't work. They'll learn easily enough what doesn't work without you trying to convince them you have more wisdom.
"The fun is in the hunt. Not the kill."
  • Post #383
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  • Edited Apr 24, 2017 10:16am Apr 23, 2017 5:01pm | Edited Apr 24, 2017 10:16am
I am not sure why it is difficult for some to understand. EVERYONE here is losing trader (including me!) unless proven otherwise by a 3rd party independent auditor. Industry standard is YTD, 1yr, 3yr and 5yr verified performance history. Same has to apply to anyone here BUT this is a forum with full of noise, clutter, useless and unverified and some (very few) legit ideas and useful information. Every Tom, Dick and Pussy can come here and claim their shit, sound awesome with no obligation to showing anyone their statement or proof or TE or whatever. Even screenshots as proof cannot be taken for granted !

If you cannot ignore noise, how will be ever succeed in ignoring Market Noise while trading? If you are here to Learn, then learning is building blocks in an exponential fashion. we humans start with colors, numbers, alphabets, nursery rhymes and then slowing and surely build upon those concepts, go thru elementary, middle, high school and continue to BUILD upon what we already know. Now as adults, if you hear stranger (with no valid credentials) on a forum tell you hey... 2+2 is simply not equal to 4, why would you want to spend your valuable time argue with a total stranger who is trying to shake your core? Believe in yourself, IGNORE and move on with your life or to the next thread that stimulates your intelligence.

What's your ignore list i.e. strong beliefs about the market? if you do have a list then stick with it and build upon it ON YOUR OWN, apply filters and when in doubt, do you own research and come to your own conclusion and then alter your beliefs and then continue to build upon them.

Everyone of us has varying levels of common sense. Know yours and then apply everyday to everything in life. Internet is indeed full of junk. Don't let all the likes and dislikes and hashtags and 5 star ratings trump your common sense, your 6th sense, your gut feel !!!
Staying in my lane...
Quoting VEEFX
I am not sure why it is difficult for some to understand. EVERYONE here is losing trader (including me!) unless proven otherwise by a 3rd party independent auditor. Industry standard is YTD, 1yr, 3yr and 5yr verified performance history. Same has to apply to anyone here BUT this is a forum with full of noise, clutter, useless and unverified and some (very few) legit ideas and useful information. Every Tom, Dick and Pussy can come here and claim their shit, sound awesome with no obligation to showing anyone their statement or proof or TE or whatever....
Well said. But, I personally prefer to take the perspective that 2+2=5. It works far better for understanding the market.
"The fun is in the hunt. Not the kill."
Quoting Kanzler
{quote} I like your analogy, but the last part of your reply is exactly right. That is the fun part. Identifying a trend is a paradox. When you recognize it, it's often too late, and you are going to find yourself buying high and selling low. It's a futile pursuit for fools and is often one of the first topics addressed in the "rookie" section.
A trend can be spotted very quickly. The first major low or high is the direction of the trend. A major low is when the bulls have the strength to push price past the last swing high and vice versa.

Where traders consistently get wrong is the money management. They seem stuck in trying to make an excel spreadsheet work in real life showing that they will be millionaires in a few months on 1000 dollars. This is willfully done and promoted by brokers because they know that during the periods when neither the bulls or the bears have firm control, the market is nearly random in movement. Traders keep trying to pick bottoms and tops and using 100:1 leverage in a single position. Then they need improper stops and poof, another one bites the dust.
Fight of the Century: Keynes vs Hayek, Round 2
  • Post #386
  • Quote
  • Edited at 12:53am Apr 24, 2017 12:42am | Edited at 12:53am
Quoting VEEFX
I am not sure why it is difficult for some to understand. EVERYONE here is losing trader (including me!) unless proven otherwise by a 3rd party independent auditor. Industry standard is YTD, 1yr, 3yr and 5yr verified performance history. Same has to apply to anyone here BUT this is a forum with full of noise, clutter, useless and unverified and some (very few) legit ideas and useful information. Every Tom, Dick and Pussy can come here and claim their shit, sound awesome with no obligation to showing anyone their statement or proof or TE or whatever....
It turns out that only your "secret sauce" works?
People, you contradict yourself.
On the one hand, everyone has a "secret sauce", on the other hand, some reasoning "how to live."
Samurai what then ...
When you do not understand what to do, do not do anything.
Quoting nezis
{quote} It turns out that only your "secret sauce" works? People, you contradict yourself. On the one hand, everyone has a "secret sauce", on the other hand, some reasoning "how to live." Samurai what then ...
The secret sauce is, as others have said, coming up with a system on one's own. The thing is that there is much more to a system then trade triggers and losses. Few threads hand over a complete system.
Fight of the Century: Keynes vs Hayek, Round 2
Quoting jmn5611
{quote} The secret sauce is, as others have said, coming up with a system on one's own. The thing is that there is much more to a system then trade triggers and losses. Few threads hand over a complete system.
I talked about this. There is no secret that anyone in the terminal. All this is a lie if someone says something about the "secret sous". Strategy is in the head, and everyone has his own.
When you do not understand what to do, do not do anything.
The common problem I see is much more than money management or risk management. It's psychological. Why do I say this? Two traders can enter same trade setup, same lot size and same broker. At the end of the end when they finally closed the trade they're not going end up with same profit/loss. Emotion, emotion, emotion. How many traders can really hold on during strong reatracement, even when their SL had not been triggered? Big question
Lose and make all possible mistakes in demo and rain in pips in live acct
9jatrader All Time Profit: $1,609
How many are ready to still trust their system when hit with strong retracement?
Lose and make all possible mistakes in demo and rain in pips in live acct
9jatrader All Time Profit: $1,609
Quoting VEEFX
I am not sure why it is difficult for some to understand. EVERYONE here is losing trader (including me!) unless proven otherwise by a 3rd party independent auditor. Industry standard is YTD, 1yr, 3yr and 5yr verified performance history. Same has to apply to anyone here BUT this is a forum with full of noise, clutter, useless and unverified and some (very few) legit ideas and useful information. Every Tom, Dick and Pussy can come here and claim their shit, sound awesome with no obligation to showing anyone their statement or proof or TE or whatever....
So you are a losing trader giving trading advice to other losing traders ie the blind leading the blind. The Tom, Dick and Pussy you refer to are 3 blind mice. No it is this way. No it is that way. No it is up here. No it is down there. Where the hell are we?

Attached Image
You came here for the truth and let me unveil it for you
Quoting RondaRousey
{quote} So you are a losing trader giving trading advice to other losing traders ie the blind leading the blind. The Tom, Dick and Pussy you refer to are 3 blind mice. No it is this way. No it is that way. No it is up here. No it is down there. Where the hell are we? {image}
LOL! Ronda, you should post more frequently here! wonderful funny sarcasm!
Jonny Hatinga. IQ 69.
The wonderful world of Forex Would have, Could Have, Should Have.
I's a lot like the weather, everyone talks about it, but no one can do anything about it.
Quoting Mingary
The wonderful world of Forex Would have, Could Have, Should Have. I's a lot like the weather, everyone talks about it, but no one can do anything about it.
No consultation with any trader before taking any direction. Unforgiving Forex
Lose and make all possible mistakes in demo and rain in pips in live acct
9jatrader All Time Profit: $1,609
listen to everybody, but follow your own light. that is how to make better decision!
I see many traders in social trading websites with impressive win rate percentages struggling to make HUGE profits, which raises the question, Is high win rate percentage equals to being profitable?. The answer NOT NECESSARILY. I just wish I was one of those supernatural humans that are able to keep those winners roll and those losers small. A very rare quality to have....
Quoting freakout
So... I have 5 years of experience, I know price action, I know how to trade with trend, I know how to manage risk, etc., but I still don't have a strategy. Is this normal or it's a waste of time? I'm not looking for a holy grail, but for something really simple with 50% accuracy at 1:2 ratio. 3-5 trades per day during EU session and that's all. I tried to trade H1-H4 pullbacks, pivots, breakouts and many other strategies but without any success... Should I continue my searches or it's time to leave it?
Maybe you should try differnet markets. Try some Futures(also be aware some some Gold or Cruide oil that are hard to trade), or try trading Options (be aware of course stupid Binary options.)

Forex is just a waste of money. My two cents : )
gonna disagree with you there. adriann.
any market is a waste of money if you dont trade it properly and do your homework.
Putting all else on hold (i.e. RM, MM, etc...) any market is a waste of money if you use a hammer to paint a wall, a drill to hit a nail and a paint brush to wire electrics.

So it is when trading in all 3 conditions. The outcome is directly correlated to what you 'use' during any given moment (hammer, drill, paint brush).
Unless you know when and how to use each of the tools, success is not possible, now nor never.
The best thing I can say to those who want a strategy, its already been said a lot here " just make your own " but then many of you probably want to respond something like "yeah I've tried and failed why do think I'm talking on here!! ""

my best advice is:
stop taking now.
take a step back from thinking about making money that's added pressure.

think about how you would design an ea. doesnt have to be complex, something like
RSI over/under priced
ma50 cross over ma 200 15min time frame.
these are basic stats but they won't win all the time. so now consider other variables maybe adX or macd or other stuff, to help.
still, this would lead to a win rate below 50% so aim to get a good risk reward ratio.done by risk management. 2loss =1 or fewer wins, this will leave you in in profit not a perfect strat but done right it is safe.
when developing a strat for an ea you are thinking as if its a robot and your not placing trades so no emotion on your part, once you get this yours on the right track.
anyone can place a trade, its only two options and done right you can control your risk so your always in some profit if your 1 loss is greater then 0.75 win rethink.

once you do all this now go on a demo try it manual see how it goes if goes well go back into live.
making money from this is the outcome for doing everything above right.
big funds and place there win rates go to this rule of around 50%

I develop eas and working on one of my best ones yet win rate at the moment is anywhere between 50-75%

i hope this helps

ABOVE STRAT ONLY EXAMPLE, USE AT OWN RISK.
There ain't no such thing as a free lunch
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